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Showing 181 - 190 of 5945 results for "banks"

Australian Unity offloads banking business

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
... Australian Unity said the evolution of banking in Australia has placed increased demands on smaller credit unions and mutual banks to operate and remain competitive. It said increased investment would be required, particularly in the digital space, and ...

Liberal MP calls for SoA replacement

KARREN VERGARA  |  TUESDAY, 5 NOV 2024
... Outcomes (DBFO) reforms, SoAs will also receive a makeover, while a new class of advisers called "Qualified Advisers" from banks, super funds, and life insurance firms will be able to provide simple advice.

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... APRA chair John Lonsdale said ANZ is "financially sound" but remains prone to managing non-financial risk. "Of the major banks that had capital add-ons applied in 2019, ANZ is the only bank yet to have its add-on either removed or reduced," Lonsdale ...

Future Fund delivers strong 11.9% return

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
... subsiding in much of the developed world, it remains higher and more volatile than investors have been used to. "Central banks around the world are in an easing cycle which is positive for risk assets. However, the path to lower rates will not be straightforward ...

Jones preps DBFO Tranche 2 for parliament

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... Statements of Advice (SoAs) will also receive a makeover, while a new class of advisers called "Qualified Advisers" from banks, super funds, and life insurance firms will be able to provide simple advice. Jones told a recent AFR event: "The financial ...

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... down on short-selling practices following a market-wide review, with indictments being issued against global investment banks. In late 2020, the FSC tightened penalties of illegal stock short selling. At the time, illegal short-sale activities were punishable ...

Australian equities rise, but global markets preferred: Morningstar

ANDREW MCKEAN  |  MONDAY, 21 OCT 2024
... implies a cautious approach is warranted," Morningstar said. Despite the "significant rate cut" in the US and as other central banks seem be "more advanced" in their easing cycles, the Reserve Bank of Australia held the cash rate steady at 4.35% in September. ...

Schroders launches high yield credit strategy

MATTHEW WAI  |  FRIDAY, 27 SEP 2024
... fixed income assets are back in play. Inflation remains sticky while growth and employment are holding up, forcing central banks to maintain rates at elevated levels." "The fund incorporates top-down and bottom-up views to identify the most compelling ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... (RBA). In the RBA's September Financial Stability Review, it said the super sector's growth and connections to Australian banks has increased its importance to financial stability. " The sector has historically posed little risk to the financial system ...

Household wealth rises in June quarter

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... the COVID-19 pandemic matured on 30 June 2024, which it said impacted bank funding across financial markets. For example, banks exchange settlement accounts with the Reserve Bank of Australia fell $106.5 billion (-32.3%) as the $105 billion of securitised ...